Putin and Modi announce plans to boost bilateral trade to $100 billion by 2030, amidst growing global pressures.
(The Post News)- Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi in New Delhi. They discussed trade, peace, and strategic cooperation. The meeting aimed to boost India’s purchase of Russian arms and oil, amid Western sanctions and US pressure.
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi meet in New Delhi, discussing trade, peace, and strategic cooperation.
Putin pledged uninterrupted fuel shipments to India. He said, “Russia is a reliable supplier of oil.” It supplies gas, coal, and everything required for India’s energy development.” Modi emphasized India’s stance for peace in Ukraine. He stated, “India is not neutral. India has a position, and that position is for peace”.
The leaders agreed to reshape defense ties, focusing on joint research, development, and production of advanced defense platforms. They also discussed labor mobility, civil nuclear energy, and tourism. India and Russia signed agreements on migration, mobility, and fisheries trade.
Economic Relations
Putin emphasized the depth and longevity of India-Russia ties, highlighting cooperation in AI, aircraft development, and space exploration. The meeting comes as India seeks a reprieve from US tariffs on Russian oil purchases. Modi thanked Putin for his commitment to India, saying, “Energy security is a strong pillar of India-Russia partnership”.
“Russia is a dependable provider of oil, gas, and coal. It supplies all the necessary resources for India’s energy growth,” Putin stated to Modi. Their meeting focused on sanctions, tariffs, and the Ukraine conflict. He emphasized Russia’s commitment to uninterrupted fuel shipments to India, highlighting the country’s reliability as an energy partner.
Russian President Vladimir Putin has praised India’s “Make in India” initiative. He stated that the country is becoming technologically sovereign under Prime Minister Narendra Modi’s leadership. Putin emphasized India’s independent and sovereign policy, noting its rapidly growing economy.
Russia-India Business Forum
The India-Russia Business Forum witnessed discussions on joint ventures in electric vehicle manufacturing. Modi highlighted the potential for cooperation in this sector. Talks are also underway for a Free Trade Agreement between India and the Eurasian Economic Union.
Putin assured India of uninterrupted fuel supply, citing Russia’s reliability as an energy partner. This assurance comes amid pressure from the US on India to reduce its oil trade with Russia. Modi and Putin emphasized strong energy ties, with plans to boost annual trade to $100 billion by 2030.
The leaders also addressed global issues, condemning terrorism and highlighting the importance of international cooperation. Modi announced plans to issue free electronic visas for Russian tourists, further strengthening people-to-people ties between the two nations.
The meeting between Putin and Modi has strengthened India-Russia relations, with both countries committed to enhancing their strategic partnership. The talks have paved the way for increased cooperation in energy, defense, and technology sectors.
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